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Pennant
Small triangular continuation pattern that appears after a strong move.
By the TradingCalculator.Pro team · Updated on · About us
Start your 7-day free trial →What you will learn
- Reliability: High
- Timeframes: 5m, 15m, 1H
- Continuation Pattern · Neutral
How to Trade
- Identify flagpole (strong move)
- Small symmetrical triangle (pennant)
- Enter on breakout in flagpole direction
- Stop loss on opposite side of pennant
- Target: flagpole length